Search found 704 matches

by donall
Sun Feb 11, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 131
Views: 18332

Re: Great 403b for teachers?

Does the American Federation of Teachers have a similar program?
by donall
Fri Feb 09, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: [How to recover payment sent to closed account]
Replies: 5
Views: 390

Re: [How to recover payment sent to closed account]

I did this once with a utility co and after a phone call they redirected the payment to the correct account. Banks may have a longer procedure.
by donall
Fri Feb 09, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: savings bonds as gifts? thru Treasury Direct
Replies: 4
Views: 380

Re: savings bonds as gifts? thru Treasury Direct

I gifted Ibonds quite a few years ago. You will need the account number of the person you want to gift to. It is an easy process where you buy the bonds as a gift and transfer the bonds to the giftee. I don't remember if you need the social security number of giftee. The first time the giftee needs ...
by donall
Wed Feb 07, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Transaction Question........
Replies: 2
Views: 278

Re: REAL ESTATE TRANSACTION QUESTION........

I would keep the buyer and tenant relationship separate. If buyer wants to rent, then fine. But do not throw out the tenant that you have, as the purchase deal may not go through. Maybe I am not reading this correctly, but it seems that you would miss out on a couple of months rent if you went along...
by donall
Wed Feb 07, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed mother-in-law asset allocation
Replies: 17
Views: 1217

Re: Newly widowed mother-in-law asset allocation

First, I'm sorry to hear about your father-in-law. This is a rough time and I hope that all of you will be gentle on yourselves. I'll let others weigh in on the asset allocation part of your question but I do have some thoughts/recommendations. I'm a young-ish widow who has benefited greatly from t...
by donall
Sun Feb 04, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer consulting — need LLC or something else?
Replies: 8
Views: 487

Re: Volunteer consulting — need LLC or something else?

Many non, not for profit, and government agencies carry volunteer insurance. Coverage may vary from physical premises liability and medical costs to actions of volunteers. Would spouse be considered a volunteer with organization where she is training?
by donall
Sun Jan 28, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 3425

Re: Transfer money to family members to take advantage of lower tax rates

Hah, did this with small amount of the individual stocks that we owned. Worked well with 3 stocks, but last stock went down in value. With gifted stocks, loss is limited, so would have been better to keep that stock.
by donall
Tue Jan 23, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5919

Re: Should I buy a business or suck it up at a job(s) with a pension.

Run from the car wash idea. Do whatever it takes to remain in your jobs. If you need to do an investment activity just buy a rental. The rental should give you a small dose of managing a car wash.
by donall
Sat Jan 20, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 47
Views: 5084

Re: Pros and Cons of High Rise Condos for retired couple

Renting is a good idea. SF and SC have different weather, which may also be important to try out.
by donall
Sat Jan 20, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 20
Views: 2284

Re: Contacting store after urgent care visit?

She’s a teenager! You’ve done the right thing and contacted insurance company and store. I would send bills and follow up with emails or letters if you don’t get reimbursed. It is important to do this and insist the bench be removed so splinters will not cause more misery for others.
by donall
Thu Jan 11, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct "Entity" Account
Replies: 3
Views: 370

Re: Treasury Direct "Entity" Account

Your trust is a separate entity. You and your wife can purchase using 4 accounts, so $40,000 for Ibonds and $40,000 for E-bonds.
by donall
Thu Jan 11, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2852

Re: Trying to help acquaintence - medicare costs

I would be very careful with someone’s Medicare supplemental insurance. In most cases it is not possible to change insurance carriers without a medical review or pre-existing clauses that can increase the premium.
by donall
Wed Dec 27, 2017 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 4015

Re: Miata as second car

AlohaJoe wrote:
Tue Dec 26, 2017 11:22 pm
donall wrote:
Tue Dec 26, 2017 11:14 pm
It was a fair weather commuter car
I owned a Miata as my only car when I lived in Colorado. It is more than a "fair weather" car, IMHO. I drove it in several blizzards.
This car was babied second (and third) car. We would never drive in bad weather, nor expose to salt.
by donall
Tue Dec 26, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 4015

Re: Miata as second car

Fully support your decision to buy a Miata. We went looking for a new car and ended up with a used Miata and our sedan. The Miata was great and worth every penny. We owned it for many years and I don’t remember there being any issues out of normal maintenance. It was a fair weather commuter car, fun...
by donall
Tue Dec 26, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 4997

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

With 3 million and a withdrawal rate of less than 1%, I’d say your parents are set. To honor your parents I don’t think you need to keep the portfolio the same but try to preserve and grow the portfolio. This seems like a legacy portfolio rather than a portfolio necessary for living expenses. Income...
by donall
Sun Dec 24, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Diminished Value
Replies: 19
Views: 2067

Re: Diminished Value

Did you pay for the repair using a credit card? Does the card have supplemental insurance? If yes, this may be covered by credit card. Not your typical car rental, but worthwhile asking.
by donall
Sat Dec 23, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Income tax software, "Tax Slayer".
Replies: 16
Views: 1529

Re: Income tax software, "Tax Slayer".

Taxslayer was dreadful for state returns. I've noticed that there were a large number of changes or updates to Taxslayer, so I am hoping for the best this year. On the positive side, the telephone support was excellent last year and I hope that continues.
by donall
Thu Dec 14, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA problem
Replies: 10
Views: 1377

Re: Help with ACA problem

When you sign up for ACA coverage for 2018 you may asked to send in documents from 2017 to verify projected income. Why not employ your daughter to help your family for the last weeks in 2017 if she cannot get a temporary job?
by donall
Wed Dec 06, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 1958

Re: Was accidentally placed on Medicaid.

If you were approved for Medicaid, then your income should have been verified no matter what amount you input. Medicaid uses monthly, not yearly income, so someone whose income varies may also be approved if the last two months have a lower amount than subsequent months. Income is often verified ann...
by donall
Sun Nov 26, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9810

Re: Analysis Paralysis: Can you get to the bottom of things?

I remember feeling the same way a while back. I actually bought individual stocks thinking I would try various strategies. I spent a year on the strategies and realized I needed to know the future to get the best results. I gave up as the time commitment was too high. Luckily I found this site as we...
by donall
Fri Nov 24, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 57
Views: 4772

Re: Replace TVs with Smart Tvs or not?

I'll join in with the majority and recomend a streaming device. Smart TVs still have too many bugs in them. Netflix or other apps are sometimes not available on the Smart TV, yet I can access them on my phone or other devices.
by donall
Thu Nov 23, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2406

Re: How difficult and expensive to add a new bathroom?

The larger the addition the less cost per square foot. If you are adding only a bathroom, then price per square foot is very high. If you are adding a bathroom, perhaps you can also add more square footage to add to value of house.
by donall
Sun Oct 29, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Help Planning Mom's Finances after Dad Passed
Replies: 27
Views: 2623

Re: Help Planning Mom's Finances after Dad Passed

I'm sorry about the passing of your dad. It is good that you are looking into helping your mom. Health insurance is important to plan for and is the most pressing need. Your plan for the IRA is sound to reduce costs. Sometimes insurance companies have an option to leave the insurance money at the co...
by donall
Fri Oct 27, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Birth Certificate/Name Issues
Replies: 20
Views: 1913

Re: Birth Certificate/Name Issues

Yes, my father in law ended up with the middle name of "None" as he dutifully filled out his forms. If like him, you were born outside of the US, the birth certificate does not seem to be an important piece of paper, if you have citizenship papers and a US passport. I doubt that many could even read...
by donall
Fri Oct 27, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications of reissuing Series EE bonds to a trust
Replies: 3
Views: 390

Re: Tax implications of reissuing Series EE bonds to a trust

Ah, an iteresting situation with E bonds, that double at a certain time with negligible interest in the intervening years. So even if she paid taxes on her E bonds each year, there will be a hefty amount of interest in the last year. The issue is the tax on the interest of 4 E bonds. Reissuing the b...
by donall
Mon Oct 23, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 1791

Re: Dividing monies from Trust per the willing

Trustees distribute funds in the trust according to trust document. The living trust becomes an irrevocable trust. Depending on trust document, trustee may sell real estate or divide it. Same with funds, stocks,CDs,bonds, where they may be sold and then cash is dispersed or divided. Funds can be tra...
by donall
Fri Oct 06, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Selling burial plots in Alabama
Replies: 14
Views: 1336

Re: Selling burial plots in Alabama

In a local cemetery, inheritors sold plots through Craigslist. This particular cemetery no longer sold plots,so the plots sold for a good price. Since you have the deeds, check that the deeds match the cemetery's records. I would also have cemetery personnel check that the plots are really empty bot...
by donall
Tue Sep 12, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3361

Re: Brother in College Co-Signing w/ Buddy for Duplex

Invest in yourself rather than a jenky situation that requires you to co-sign. There is no upside to co-signing. You are doing incredibly well for being a full time student.
by donall
Tue Sep 12, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3284

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

I think that a number of things can be accomplished with the forms that allow one to share information with persons that are designated on the form. Medicare and insurance forms have these. Not sure about social security. If one is a POA it is important to also get online access so one can monitor, ...
by donall
Mon Sep 04, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Administration Question
Replies: 65
Views: 4985

Re: Estate Administration Question

In addition to expenses, there will be income. Social Security (depending on date of death), pensions, refunds, security deposits, refunds of insurance etc. Household items can also be sold as well as the car. The first priority is to pay burial expenses. Many people have monthly income checks (SS,...
by donall
Mon Sep 04, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Administration Question
Replies: 65
Views: 4985

Re: Estate Administration Question

In addition to expenses, there will be income. Social Security (depending on date of death), pensions, refunds, security deposits, refunds of insurance etc. Household items can also be sold as well as the car. The first priority is to pay burial expenses.
by donall
Mon Sep 04, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1937

Re: LTCI Experience

....when to start the claims process.... I don't have any experience with your mother's condition but I would recommend discussing her LTC options with her doctors. I'm sure they'll be familiar with assisted living/nursing home requirements and candid if they think her condition won't qualify for b...
by donall
Sun Sep 03, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1937

Re: LTCI Experience

First of all, I am sorry for your loss. Thank you for telling this story. It helpful to hear specific cases of how things turned out. Financially LTCI was not worth buying in this case. Having had the insurance was probably worth it even without it having paid off more than the premiums. Having ins...
by donall
Sat Sep 02, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1937

LTCI Experience

I am almost done with reimbursements from two LTCI policies that were utilized for end of life services for a relative. The relative was 90 and utilized LTCI for the last 5 months of life. She had two policies. Home care could be paid a total of about $180/day between the two policies, with higher c...
by donall
Mon Aug 28, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Trust tax questions after death
Replies: 16
Views: 1430

Re: Trust tax questions after death

Your father should apply for an EIN number for the trust if he has not done so already so that the 1041 can be filed using the trust EIN. Banks and other organizations would also need to have the EIN. I would recommend The Executor's Guide by Mary Randolph, a Nolo publication that is available from ...
by donall
Mon Aug 28, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: Desperate to get rid of mosquitoes, what else could we try?
Replies: 62
Views: 4708

Re: Desperate to get rid of mosquitoes, what else could we try?

sport wrote:
Sat Aug 26, 2017 12:50 pm
Check the gutters on your house for blockage and standing water.
I second this.
by donall
Thu Aug 17, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 56
Views: 3442

Re: quick estate question

I think this link to the secretary if state should answer your questions: http://www.cyberdriveillinois.com/departments/vehicles/title_and_registration/corrected_deceased.html It seems the small estate procedure is most appropriate for this situation if as indicated, the home is already in the child...
by donall
Sun Aug 06, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 67
Views: 6110

Re: What criteria warrants a need for Living Revocable Trust?

I'll add another reason to have a living revocable trust:
If you have a Treasury Direct account you can set up an account titled in the trust and designate an account manager. Account manager (such as successor trustee) can redeem or transfer bonds, etc. electronically before and after death.
by donall
Tue Jul 11, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 53
Views: 5267

Re: What to wear for job interview - skip the tie?

Wear the tie. As a person hiring, I still remember the person who wore shorts to an interview, and not favorably. One of my colleagues looks at more, such as nails and hair. I should add that my colleague doesn't care what the person looks like while on the job, but feels appearance such as a manicu...
by donall
Sat Jul 08, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 13483

Re: Long term care insurance - is it worth it?

From the economic: Maybe, but impossible to predict. In our case the LTCI paid out about 50% of amount paid for premiums, so not in our case.
From the psychological aspect: Yes, it was very comforting to know that money was not an issue during the last year.
by donall
Wed Jun 28, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 15700

Re: How did you handle the costs of your child's wedding?

Gave bride and groom a fixed amount. Money went to pay bride's student loans and a sweet intimate wedding planned by bride and groom.
by donall
Wed Jun 28, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Questions
Replies: 22
Views: 3623

Re: Inheritance Questions

If you have a trust then no need for probate. But often without probate the time limit for claims againt the trust can be made up to two years later (state dependent). But this may not be a reason to wait two years to distribute a trust.
by donall
Sun Apr 30, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2669

Re: Umbrela Insurance is it worth?

Yes, I ran into this with a relative when they no longer had a car and did not drive. I just increased the homeowner's and rental building insurance limits. The amounts were reasonable for the extra liability insurance in comparison to an umbrella insurance for a 90 year old driver. The only problem...
by donall
Sat Apr 22, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 1131

Re: TLH question please. Doing my taxes.

When you do next year's return you should import this year's return. The carry-over loss should be part of the imported information if using Turbo Tax.
by donall
Thu Apr 20, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3495

Re: What To Do With My Car While in NYC

Sell the car. You will save car insurance costs for one year that may offset selling/buying costs. You should have enough money for a nice downpayment in a year for a new car.
by donall
Thu Apr 20, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 57
Views: 6939

Re: Bill received after Estate is closed

This attorney has worked for you for decades and also did pro bono work for you. Not sure why you would not just pay the bill and keep a decade-long relationship.
by donall
Thu Apr 20, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 3216

Re: I will pay off mortgage at 40. What next?

Wow, your wife takes care of 4 young kids, works part-time, and goes to school? Buy her a new car, take vacations for two, and double the date nights. I hope you have lots of life and disability insurance. Start a 529 account, as one or more of your children will use it.
by donall
Thu Apr 20, 2017 1:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 45918

Re: Larry Swedroe says "Goodby."

Thank you for sharing your knowledge and wisdom. Best wishes in retirement and family.
by donall
Tue Apr 11, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Overpayment
Replies: 3
Views: 691

Re: IRS Overpayment

I've applied a refund to next year's taxes and never received an acknowledgement other than the standard acceptance message when filing.